Valuation Nokia Oyj

Equities

Real-time Estimate Tradegate Other stock markets 01:18:07 21/05/2026 pm IST			5-day change	1st Jan Change
11.58 ^EUR	-1.28%		-2.35%	+108.63%

01:02pm	Nokia launches AI networking lab	RE
12:45pm	Nokia opens AI lab for next-generation data center networks	FW

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	31,473	24,175	16,899	23,017	31,170	65,821	-	-
Change	-	-23.19%	-30.1%	36.2%	35.42%	111.17%	-	-
Enterprise Value (EV) ¹	27,531	19,408	12,576	18,163	27,792	62,644	61,801	60,703
Change	-	-29.51%	-35.2%	44.42%	53.02%	125.41%	-1.35%	-1.78%
P/E ratio	19.2x	5.77x	25.4x	18.6x	46.4x	47.1x	36.9x	29.8x
PBR	1.81x	1.13x	0.82x	1.11x	1.48x	3.05x	2.93x	2.74x
PEG	-	0x	-0.3x	0.2x	-1x	0x	1.3x	1.3x
Capitalization / Revenue	1.42x	0.97x	0.76x	1.13x	1.57x	3.16x	3x	2.83x
EV / Revenue	1.24x	0.78x	0.57x	0.9x	1.4x	3.01x	2.82x	2.61x
EV / EBITDA	7.91x	5.06x	4.04x	5.02x	10.3x	19.5x	16.4x	14.3x
EV / EBIT	9.92x	6.24x	5.3x	6.93x	13.7x	26.4x	21.6x	18.3x
EV / FCF	13.3x	22.2x	18.9x	8.99x	19x	37x	31.9x	25.5x
FCF Yield	7.5%	4.5%	5.29%	11.1%	5.27%	2.7%	3.13%	3.92%
Dividend per Share ²	0.08	0.12	0.13	0.14	0.14	0.1502	0.1624	0.1765
Rate of return	1.44%	2.77%	4.26%	3.28%	2.51%	1.28%	1.38%	1.5%
EPS ²	0.29	0.75	0.12	0.23	0.12	0.2491	0.3183	0.3938
Distribution rate	27.6%	16%	108%	60.9%	117%	60.3%	51%	44.8%
Net sales ¹	22,202	24,911	22,258	20,279	19,904	20,819	21,943	23,239
EBITDA ¹	3,479	3,838	3,110	3,616	2,699	3,214	3,760	4,244
EBIT ¹	2,775	3,109	2,375	2,619	2,024	2,369	2,856	3,316
Net income ¹	1,623	4,250	665	1,277	651	1,448	1,835	2,249
Net Debt ¹	-3,942	-4,767	-4,323	-4,854	-3,378	-3,176	-4,019	-5,118
Reference price ²	5.57	4.33	3.05	4.27	5.57	11.74	11.74	11.74
Nbr of stocks (in thousands)	56,46,452	55,87,016	55,37,060	53,84,608	55,93,993	56,08,911	-	-
Announcement Date	03/02/22	26/01/23	25/01/24	30/01/25	29/01/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
NOKIA OYJ	47.11x	3.01x	19.49x	1.28%	7.65TCr
CISCO SYSTEMS, INC.	35.32x	7.36x	19.01x	1.45%	45TCr
FOXCONN INDUSTRIAL INTERNET CO., LTD.	22.38x	0.89x	16.14x	2.15%	20TCr
ARISTA NETWORKS, INC.	41.95x	13.95x	29.21x	-.--%	18TCr
ZHONGJI INNOLIGHT CO., LTD.	39.07x	12.17x	30.64x	0.27%	17TCr
CIENA CORPORATION	120.88x	12.69x	59.15x	-.--%	7.84TCr
MOTOROLA SOLUTIONS, INC.	29.85x	5.69x	16.64x	1.2%	6.57TCr
LUMENTUM HOLDINGS INC.	175.75x	20.85x	61.22x	-.--%	6.22TCr
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.	18.71x	2.61x	12.29x	3.29%	4.39TCr
GARMIN LTD.	25.05x	5.41x	18.71x	1.74%	4.58TCr
Average	55.61x	8.46x	28.25x	1.14%	13.69TCr
Weighted average by Cap.	45.57x	8.25x	25.26x	1.12%